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What is the price of a $1,000 par value, 5.0% semi-annual coupon bond that matures in 6 years if investors require a 9.9% return. Round
What is the price of a $1,000 par value, | 5.0% | semi-annual coupon bond that matures in | 6 | years | ||||
if investors require a | 9.9% | return. | ||||||
Round your answer to the nearest dollar. |
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